JORDEN THOMAS E 4
4 · Coterra Energy Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Coterra (CTRA) CEO Thomas E. Jorden Receives RSU & PSU Awards
What Happened
Thomas E. Jorden, Coterra Energy’s CEO, President and a director, received equity awards on February 24, 2026: 180,328 restricted stock units (RSUs) and 180,328 performance stock units (PSUs). Both awards were granted at $0.00 (standard for compensation grants). The RSUs vest January 31, 2029; the PSUs are performance-based over a three‑year period and can vest between 0% and 200% based on achievement of targets.
Key Details
- Transaction date: February 24, 2026; Filing date: February 26, 2026 (timely Form 4 filing).
- Award amounts reported: 180,328 RSUs (payable solely in common stock) and 180,328 PSUs (derivative award). Reported acquisition price: $0.00.
- Vesting: RSUs vest on January 31, 2029 (F1). PSUs cover the performance period Feb 1, 2026–Jan 31, 2029 and vest 0%–200% based on performance; payout is common stock up to 100% of target and cash for amounts above 100% (F2–F4).
- Potential equity: If PSUs vest at 100% and RSUs vest, up to 360,656 shares could be issued as stock; actual shares received will depend on future vesting outcomes.
- Shares owned after transaction: Not disclosed in this filing.
- Transaction code: A = Award/Grant. No cash was paid by the insider.
Context
These awards are compensation/retention grants, not open‑market purchases or sales. RSUs and PSUs are commonly used to align executive pay with long‑term performance; PSUs are contingent on meeting specified performance goals over the three‑year period. No implications about insider sentiment should be inferred from a standard compensation grant.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-24+180,328→ 563,165 total - Award
Performance Stock Units
[F2][F3][F4]2026-02-24+180,328→ 180,328 total→ Common Stock (180,328 underlying)
- 2,757,960(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Represents restricted stock units payable solely in common stock. Subject to the terms of the restricted stock unit award agreement, these restricted stock units vest on January 31, 2029.
- [F2]Each performance stock unit represents a contingent right to receive one share of common stock (up to 100% of the performance stock units awarded) and cash equal to the Fair Market Value (as defined in the performance stock unit award agreement) of one share of common stock for vesting above 100%.
- [F3]Represents the number of performance stock units awarded on February 24, 2026.
- [F4]The performance stock unit award agreement provides for vesting between 0% and 200% of the performance stock units granted (payable in common stock up to 100% of the performance stock units granted and, for vesting above 100%, in cash) based upon the achievement of certain performance criteria over a three-year performance period beginning February 1, 2026 and ending January 31, 2029.